U.K. fines Monzo £21 million over anti-money laundering lapses

fortune.com/europe/2025/07/08/uk-fines-monzo-21-million-anti-money-laundering-lapses-fca-ts-anil

The UK’s Financial Conduct Authority fined Monzo Bank Ltd. £21 million ($29 million) over failures tied to the digital lender’s systems for stopping financial crime.
Between 2018 and 2022 — a period during which Monzo’s customer base soared roughly tenfold to 5.8 million users — the…

This story appeared on fortune.com, 2025-07-08 11:13:14.
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